Moody's Downgrades Nokia To Junk Status

Nokia

Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. It kept the outlook negative, meaning it could downgrade it again.

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BING NEWS:
  • Moody’s downgrades Nokia to junk status
    HELSINKI — Moody’s ratings agency has downgraded Nokia Corp.’s debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker’s earnings after it announced plans for major cuts and global layoffs, and says the ...
    06/15/2012 - 1:49 pm | View Link
  • Moody's downgrades Nokia rating to junk status
    Nokia Corp., the faltering Finnish cellphone maker, closed out the week with another hit to its financial condition: Moody's Investors Service downgraded its credit rating to junk status. Moody's cut the company's rating a notch to Ba1, a non-investment ...
    06/15/2012 - 1:38 pm | View Link
  • Moody's agency downgrades Nokia bonds to 'junk' status
    Nokia, the troubled Finnish mobile phone manufacturer, has had its bonds downgraded to "junk" status by ratings agency Moody's. The news follows Nokia's announcement on Thursday that it is to cut another 10,000 jobs globally, bringing the total planned job ...
    06/15/2012 - 6:33 am | View Link
  • Moody’s downgrades Nokia to junk status
    Moody’s ratings agency on Friday downgraded Nokia’s debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker’s earnings after it announced plans for major cuts and global layoffs. It kept the outlook ...
    06/14/2012 - 8:54 pm | View Link
  • News Summary: Moody's downgrades Nokia to junk
    DOWNGRADE: Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings. It kept the outlook negative, meaning it could cut Nokia's rating again.
    06/14/2012 - 1:00 pm | View Link
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